Enrolled Bill Summary

House Bill 1585	House Author:  Lambert et al.
Effective:  5-26-21	Senate Sponsor:  Lucio et al.

            House Bill 1585 amends the Government Code and Insurance Code to update the time frame for the next review of the board of trustees of the Teacher Retirement System of Texas (TRS) under the Texas Sunset Act. Among other provisions, including certain across‑the‑board Sunset recommendations, the bill requires the board to adopt a policy requiring TRS to make all reasonable efforts to locate and notify a member or the member's heirs of their entitlement to a return of accumulated contributions and additionally provides for an outreach plan to assist members in planning for retirement. The bill also does the following:

·        requires TRS to develop and distribute informational materials relating to an appeal of denial of an adverse determination to individuals enrolled in TRS‑Care and TRS‑ActiveCare;

·        expands the topics TRS must study with respect to the operation and administration of the Texas Public School Retired Employees Group Benefits Act; and

·        requires TRS to report annually to the legislature and Texas Department of Insurance on such operation and administration.

House Bill 1585 sets out the conditions under which a retiree who is eligible for a standard service retirement annuity and resumes service is not entitled to service or disability retirement benefit payments. The bill also repeals the following requirements:

·        the requirement for TRS to certify to the commissioner of education the names of any employing public school district or open‑enrollment charter school that has failed to timely remit certain member contributions to TRS; and

·        certain requirements related to TRS investment practices and performance reporting.